WASHINGTON - Because it may compromise the quality of the appraisals, regulators have suggested that banks should not allow borrowers or lending officers to select their own real estate appraisers. In new guidelines on independent appraisals released by the Federal Financial Institutions Examination Council (FFIEC), banks should select their own...

CORVALLIS, Ore. - The $383 million Purdue Employees Federal Credit Union has won CUNA Technology Council's eSolutions Best Practice Award at its eighth annual conference. Purdue is a client of credit union data processor Summit Information Systems, a Fiserv subsidiary. The credit union worked with Summit to develop its eMember...

JUNE 17-19 Florida CU League's Annual Convention, Wyndham Palace Resort & Spa, Orlando, Fla. For info: Corinne Henningsen, 850-576-8171. JUNE 17-19 Maryland CU League's 70th Annual Meeting & Convention, Rowland E. Powell Convention Center, Ocean City, Md. For info: John Eckes, 800-492-4206, x 116. JUNE 17-19 Arizona CU System's(ACUS) Annual...

There are many sources readily available that detail a plethora of interesting facts and figures about credit unions. What is a lot more difficult to find is any kind of rundown of some credit union myths. So here are just a few of the more well known ones. Myth Regarding...